#BTCUSDT | DAILY TIMEFRAME UPDATE
In my previous analysis, I mentioned that #Bitcoin is trading in a premium zone, and I currently hold a bearish outlook on the market.
We're now watching for confirmation to enter a short position within the $93,750 – $94,700 range. ✅
The downside targets for this move are: 📉
$92,750 → $91,631 → $90,500 → $88,880 → $86,300 → $85,100
The setup is invalidated if the price breaks above $96,600. ❌
Once the price hits $85,100, we’ll look to close shorts and start considering potential long opportunities.
In my previous analysis, I mentioned that #Bitcoin is trading in a premium zone, and I currently hold a bearish outlook on the market.
We're now watching for confirmation to enter a short position within the $93,750 – $94,700 range. ✅
The downside targets for this move are: 📉
$92,750 → $91,631 → $90,500 → $88,880 → $86,300 → $85,100
The setup is invalidated if the price breaks above $96,600. ❌
Once the price hits $85,100, we’ll look to close shorts and start considering potential long opportunities.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.